In the Asian region, gold ETF has achieved inflow for the 17th consecutive month. In July, the inflow of gold ETF in Asia was about 0.438 billion US dollars, achieving inflow for the 17th consecutive month. The inflow in the Indian market benefited the most from the reform measures announced in the recent budget. In these reform measures, the long-term investment recognition period has been effectively shortened and the relevant tax rates have been reduced, allowing gold ETF to enjoy the same tax rate conditions as other assets in this environment. The strong local currency-denominated gold price has also played a role.